Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 35% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 20% |
SCHD Schwab U.S. Dividend Equity ETF | Dividend | 20% |
SCHP Schwab U.S. TIPS ETF | Inflation-Protected Bonds | 15% |
PID Invesco International Dividend Achievers™ ETF | Global Equities, Dividend | 10% |
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Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Income Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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Returns By Period
As of Jun 13, 2026, the Income Portfolio returned 5.31% Year-To-Date and 5.14% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio Income Portfolio | 0.20% | 1.39% | 5.31% | 5.33% | 9.83% | 7.28% | 3.55% | 5.14% |
| Portfolio components: | ||||||||
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03% | 0.27% | 1.60% | 1.76% | 3.85% | 4.63% | 3.43% | 2.20% |
BND Vanguard Total Bond Market ETF | -0.12% | 1.03% | 0.52% | 0.91% | 4.77% | 4.17% | 0.03% | 1.58% |
PID Invesco International Dividend Achievers™ ETF | 0.40% | 2.21% | 5.91% | 6.22% | 15.02% | 12.52% | 8.44% | 9.48% |
SCHD Schwab U.S. Dividend Equity ETF | 0.89% | 3.47% | 20.66% | 19.57% | 26.72% | 14.90% | 8.75% | 12.91% |
SCHP Schwab U.S. TIPS ETF | 0.04% | 0.31% | 1.42% | 1.48% | 4.83% | 4.14% | 1.06% | 2.60% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 20, 2011, Income Portfolio's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +4.9%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Income Portfolio closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 12, 2020 at -5.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.29% | 2.59% | -1.85% | 1.46% | 0.58% | 0.18% | 5.31% | ||||||
| 2025 | 1.20% | 1.68% | 0.05% | -0.98% | 0.33% | 1.39% | 0.00% | 2.22% | 0.27% | -0.05% | 1.20% | 0.06% | 7.56% |
| 2024 | -0.03% | -0.20% | 1.73% | -2.31% | 1.74% | 0.31% | 3.07% | 1.50% | 1.15% | -1.36% | 1.58% | -2.59% | 4.52% |
| 2023 | 2.73% | -2.11% | 1.62% | 0.34% | -1.78% | 1.46% | 1.08% | -0.97% | -2.38% | -1.70% | 4.25% | 3.54% | 5.96% |
| 2022 | -1.45% | -0.64% | -0.07% | -3.18% | 1.24% | -3.50% | 2.74% | -2.34% | -4.93% | 2.68% | 3.77% | -1.46% | -7.30% |
| 2021 | -0.35% | 0.73% | 1.97% | 1.30% | 1.41% | 0.01% | 1.01% | 0.46% | -1.41% | 1.50% | -0.71% | 2.08% | 8.24% |
Benchmark Metrics
Income Portfolio has an annualized alpha of 1.55%, beta of 0.24, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since October 20, 2011.
- This portfolio participated in 34.07% of S&P 500 Index downside but only 29.64% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.55%
- Beta
- 0.24
- R²
- 0.62
- Upside Capture
- 29.64%
- Downside Capture
- 34.07%
Expense Ratio
Income Portfolio has an expense ratio of 0.11%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Income Portfolio ranks 81 for risk / return — in the top 81% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Income Portfolio and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.51 | 1.86 | +0.65 |
| Sortino ratioReturn per unit of downside risk | 3.90 | 2.53 | +1.37 |
| Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.53 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.38 | 11.37 | +2.01 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 19.63 | 175.17 | 88.41 | 357.44 | 2,834.34 |
BND Vanguard Total Bond Market ETF | 36 | 1.18 | 1.77 | 1.21 | 1.65 | 4.81 |
PID Invesco International Dividend Achievers™ ETF | 45 | 1.47 | 2.18 | 1.26 | 1.92 | 6.50 |
SCHD Schwab U.S. Dividend Equity ETF | 86 | 2.41 | 3.72 | 1.43 | 5.70 | 13.97 |
SCHP Schwab U.S. TIPS ETF | 48 | 1.44 | 2.19 | 1.25 | 2.45 | 7.41 |
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Dividends
Dividend yield
Income Portfolio provided a 3.72% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.72% | 3.88% | 3.85% | 3.55% | 3.27% | 2.29% | 2.01% | 2.66% | 2.66% | 2.18% | 2.07% | 1.98% |
| Portfolio components: | ||||||||||||
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
PID Invesco International Dividend Achievers™ ETF | 3.26% | 3.28% | 3.88% | 3.31% | 3.30% | 3.30% | 3.16% | 3.99% | 3.87% | 3.46% | 3.90% | 4.48% |
SCHD Schwab U.S. Dividend Equity ETF | 3.22% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SCHP Schwab U.S. TIPS ETF | 3.99% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Income Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Income Portfolio was 12.24%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -12.24%Mar 2020 | 26d | 2mo 22d | 3mo 18dFeb 2020 - Jun 2020 |
Bear market2022 | -11.85%Oct 2022 | 9mo 20d | 1y 8mo | 2y 6moJan 2022 - Jul 2024 |
2016 pullback2016 | -6.52%Jan 2016 | 8mo 28d | 3mo | 11mo 28dApr 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -4.93%Dec 2018 | 10mo 29d | 1mo 23d | 1y 17dJan 2018 - Feb 2019 |
2013 pullback2013 | -4.25%Jun 2013 | 1mo 3d | 4mo 3d | 5mo 6dMay 2013 - Oct 2013 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
Thesis
The portfolio is a fairly classical income-and-defensiveness mix: three bond sleeves and two dividend equity sleeves, which is a coherent bet on yield being obtainable from both duration and cash-flow businesses.
The numbers
- The diversification ratio is 1.34 over 1Y and 1.39 incept, sitting around the 52nd to 66th percentile on the platform; that is decent diversification, not magic.
- Effective asset count is 4.26 of 5, so the weights are spread enough to avoid obvious single-name dependence.
- The mean pairwise correlation is 0.15, but that hides two tight pairs: BND (Total Bond Market) / SCHP (Inflation-Protected Bonds) at 0.79, and SCHD (Dividend) / PID (Global Equities, Dividend) at 0.76.
What works
- BIL (Government Bonds, Ultrashort Bond) sits almost outside the rest of the portfolio, with near-zero correlations, so it does some real portfolio work rather than decorative work.
- The bond sleeves and equity sleeves are not all doing the same thing; the portfolio has two distinct return engines, which is better than five ways of saying the same sentence.
- The platform percentile profile is comfortably above the bottom half, which is what actual diversification usually looks like before the marketing department gets involved.
What does not
- BND and SCHP form a bond cluster, so the portfolio is less “three bond exposures” than “one broad rate-sensitive sleeve plus inflation flavoring.”
- SCHD and PID behave like one equity factor with different passports; their 0.76 correlation means the equity side is more concentrated in dividend style than the ticker count suggests.
- The portfolio’s equity sleeve has high portfolio correlations, 0.82 for SCHD and 0.80 for PID, so the defensive ballast still leaves the portfolio fairly equity-linked.
Stress Scenario
- A regime with rising real yields and weaker dividend spreads would press on both clusters at once: bond prices and dividend-equity multiples can tighten together, which is how a “balanced” portfolio discovers it has opinions about the same macro tape.
Worth knowing
- Portfolios with this correlation structure often diversify more cleanly when the equity sleeve includes earnings drivers outside dividend quality, and when the bond sleeve includes exposures that do not all share the same duration story.
- The 1Y diversification ratio is below the 10Y and inception figures, which suggests recent co-movement has been somewhat stronger than the longer record.
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 4.26, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.32 | 1.29 | 1.33 | 1.35 | 1.39 |
The portfolio has a diversification ratio of 1.39, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Income Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.72 |
Benchmark Correlations
Correlation vs. S&P 500 Index. SCHD has the highest benchmark correlation at 0.82, while BND has the lowest at -0.05.
Asset Correlations Table
Find what Income Portfolio is missing
See which holdings overlap, where Income Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification